Miami’s condo market has nothing in common with its weather forecast these days; it’s freezing cold with a chance of bad investment.
That might explain why more Florida condo converters are showing up in the Triangle.
Meet Haim Einhorn. He has spent decades converting rentable apartments to for-sale residences in South Florida. But when Miami’s condo market went south, he headed north.
“Florida is saturated,” he says. “I saw the balloon popping. That drew my attention to get out.”